2013-01-18
2013-01-18
STATION
CSPAN 3
MSNBCW 3
CNNW 2
KPIX (CBS) 2
CSPAN2 1
KCSM (PBS) 1
KQED (PBS) 1
SFGTV 1
LANGUAGE
English 17

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is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt limit deal without delay. leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look

of massachusetts. [applause] they preview the upcoming debt ceiling debate in congress. vice president joe biden speaks before the annual conference of mayors. that's followed by michigan governor rick snyder who delivers the state of the state address. and later massachusetts governor deval patrick delivers the state of the commonwealth. friday attorney general eric holder speaks before the u.s. conference of mayor's annual meeting. he's expected to -- new gun laws proposed by president obama. live coverage starting at 1130. >> friday night on c-span. we'll show you inauguration speeches from the last sixty years. starting at 8:00 p.m. eastern with president ronald reagan's address from 1981. bill clinton from 1993, president eisenhower in 1957, at 9:00 p.m. harry truman from 1949. richard nixon from 1969, and president john f kennedy in 1961. george h. w. bush in 1989. lyndon johnson in 1965. from 1977 jimmy carter and wrap up with george w. bush's speech from 2001. see ten inauguration speeches from ten past presidents. starting at 8:00 p.m. on c-span. requiring congress to act intestified wo

that if congress doesn't raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans benefits. >>> university of california leaders say tuition hikes can be avoided this fall if the system gets the funding increase proposed in governor brown's budget plan. the quarter billion-dollar increase is less than that what the uc system had hoped. but it's a turnaround from years of budget cuts. the extra funding is due in part to proposition 30, the tax measure approved by california voters in november. >>> 55,000 local students will have the same class plan for part of today lessons on digital media safety. commonsense media is teaming up with the san francisco unified school district for the program. it will cover such toppers as cyberbullying and who to trust online. >>> starting this week yelp will post san francisco's health department inspection results for restaurants next to the reviews. you wouldn't be able to miss them. it will be a number grade from 0 to 100 indicating how well the restaurant fared o

white house officials are saying if congress doesn't want to raise the debt ceiling they should authority rise president obama to do it himself. they should extend it so it doesn't cause concern for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a monthly extension is drama. so, what, congress should simply do its job. it should not, we're not going to negotiate over extending the debt ceiling. >> reporter: jay carney said they should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter:

. >>> some top republicans in congress are considering a short-term increase of the debt ceiling. house budget committee chairman paul ryan says they are wag the benefits of an extension as a way to get the senate and white house engaged in future conversations. the president has warned that if congress does not raise the debt ceiling the economy could crash and there could be delays for social security checks and veterans' benefits. >>> things that men will do to i am privilege women. an aussie free diver says he got into the sport to win over a few girls at the public to impress women. he won more than the girls. the 32-year-old is making a nam for himself in diving. he can actually hold his breath under water for 6 minutes and 40 seconds. he is a champion in the second most dangerous sport in the world and he credits the peretti local girls he pretty local girls he met. >> he challenged them at the bar. >> he became an australian champion. >> he was on "60 minutes." he drops down over 200 feet. >> good luck. >>> 5:19. coming up, hear why the key t

are appointed. the risk is the debt ceiling negotiation in the u.s. during february. we think that u.s. congress will not reach an agreement to derail the u.s. economic recovery. it should be temporary and limited. >> the yen is weaker against the euro. that's on similar expectations for more monetary easing pressures from the bank of japan. the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is trading hie ining high. positive moves so far. tokyo is leading >> on japan clearly that sort of recently announced fiscal and monetary package is intended to create growth in the short term. we don't think that if not associated with a midterm solid anchoring that woul

that are going to allow for continuing operations of the federal government. the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-m

confident that this plan to increase the debt ceiling and then to also sort of force congress' hand on the budget in three months is something that could get through both houses. we'll have to see. i expect that all of this debating will sort of be on pause on monday and then we'll see it ramp back up a little later on next week. >> it will either be on pause or there will be the side bar conversations in the green room. i need to talk to you. >> exactly. >> so speaking of monday, the united states has had 44 presidents but only 17 of those have gotten to give that second inaugural address. i have heard rumors that the -- from the white house that the speech is meant to be more soaring rhetoric, not necessarily the sort of specifics that you might hear during a state of the union. what are you hearing and what are you hear being how the president is working on this speech? >> reporter: that's what i'm hearing also. president obama has been working on this speech for a little while now. he's deeply involved in the writing process, along with his key speech writers, jon favreau and th

take the debt ceiling as a hostage, it is a hostage you cannot shoot. as a very practical matter, if we go over the debt ceiling, we do not increase the debt ceiling, republicans will not win the debate. they will argue they are not increasing it because they do not want to control spending but they will not win the debate. what will happen is the white house will pay with cash flow of the interest on the debt. the debt will not be called. what they might not pay our social security checks. the moment the american citizen figures out they may not go out, the game is over. tenfold. because believe me, though congress can stand up to the senior lobby. so that is not a legitimate process to take the debt ceiling as the hostage. the appropriate goal, whether the debate should occur. the president gets to talk about the faults. -- defaults. he gets to talk about social security. we should be talking about spending. spending restraints. where is the logical place to do this? the logical place is on the sequestered. that is where the next pressure point should be. we should have the debate ove

without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clear. let me be very clear. not one of these executive orders contrary to what a few have said impinges upon anyone's second amendment rights or are inconsistent with the historical use of executive power. >> sreenivasan: some republicans have charged the president's executive action improperly bypassed congress. an

that debt ceiling mid-february. >> so here's the question, bottom line, is is this a sure thing? will congress actually vote to raise the debt limit next week? >> well, there is a catch. the house gop, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully worded statement welcoming the gop move but also making clear he doesn't want conditions on it. sources say they are not really sure how it's going to play out but so farther playing along. the white house is softening its hard line, too. jay carney said that he is, quote, encouraged. >> let's see how encouraging it all becomes. thanks so much for that, dana. >>> as a tense hostage situation unfolds in algeria, serious questions about how or whether to negotiate with terrorists continuing right now. we're going to get some insight and analysis. plus, seven

to borrow money to make up the deficit, but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the bills that are already incurred by your democratically elected congress. the way you would if you are a little short on your monthly bills. refinancing a little bit. that will get us through maybe mid-february to early march. once that stops working, the treasury needs to rely on the cash that it has on hand and the revenue that comes in from taxes. problem is, there isn't that much cash on hand or enough money coming in on most days to cover the expenses. if there were, we wouldn't have a deficit. let me give you an example. february 15th. i choose that day because that might be the day. might be a little early but it might be the day that we stop being able to mess things around. okay. the federal government on that day will take in an estimated $9 billion in revenues. again, that is mostly taxes. on the same day, $52 million will need to be paid out. we've got

the debt ceiling to the current budget battle. listen to this. >> republicans and congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> steve: here is somebody who dealt with enormous deficits firsthand, the former governor of the golden state of california, arnold schwarzenegger. good morning to you. >> good morning. nice to be here again. >> brian: he sends a warning to the republicans should they back off or take on the president? >> first of all, i think i find it interesting that when you want to have more money, if you go to any financial institution, they say look, i can't pay my bills, i need more money. they want to see their payment plan. how are you going to live responsible from here on? then you can get more money. so i don't understand that why this should not be a part of the discussion because it ought to be. i think america should not just blindly go in there and keep spending mone

would say, just to return to the debt ceiling conversation, it's important to remember, this is not solving the debate over whether the debt ceiling should be a debate. this is putting off the debate of whether the debt ceiling should be a debate. >> we're told in response to this report coming out of the white house, one white house official said it is a terrible way to run the country. when asked if the president would veto a short-term extension, the official would not say yes or no, but reiing rated the president's opposition to creating a series of self-imposed crisis. that from kristen welker at the white house. this is putting the onus off the back of the house republicans. this is a big result coming out of they are retreat in williamsburg where paul ryan and others were basically indicating that they can't win this battle. >> the president's press conference, the ball in your court press conference, this is the republicans hitting the ball back over the met saying it's now in your court. we should see. can i make one other quick note? i want a whole andrea mitc

] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what you call enti

. i mean, i think it would be, frankly, another disaster if republicans try to use the debt ceiling, to force dollar-for-dollar budget reductions. i don't see that as a winner for them, and i can't imagine at least the party establishment is now seeing that as a potential winner for them. i mean, you know, face it. the president won the election. and he laid out a program and a philosophy, and he won the election on it. and i think as long as republicans are going to take the stance that he didn't win and that, in fact, they won and therefore they get to do things their way, i don't think -- i don't see how that's going to help them get out of that 14% hole. >> eugene, nbc.com had a very interesting way of putting it this morning, a very nice tag which is that what the electorate is looking for right now is not so much hope but a president who can cope. it's all about coping, not so much hoping. do you think that this kind of poll suggests that he is going to be able to deliver on that message of coping? >> well, you know, first of all, i think that's right. i think that, you know,

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